Red Hat: Soft Market Provides Great Opportunity [Seeking Alpha]
RED HAT (RHT)
Last red hat earnings: 3/25 04:15 pm
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US:NYSE Investor Relations:
investors.redhat.com
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Source: Seeking Alpha
Summary Though tech has been under pressure the past few weeks due to relatively disappointing earnings from some large-cap names, like Facebook ( FB ), Netflix ( NFLX ), Twitter ( TWTR ), and other, Red Hat ( RHT ) still serves as a great long-term opportunity. The ~15% pullback since reporting earnings in late June provides a great opportunity for investors previously on the sidelines to join the game. RHT continues to grow top line at 20% plus, and despite the relatively weak Q2 outlook, F'19 guidance was strong, representing 16% growth at the low end of guidance. However, investors were unhappy with these results and have punished the stock a bit too much. Beyond the headline guidance numbers, there were several positive points in RHT's earnings that investors should turn their attention to. RHT data by YCharts Back To The Basics The June earnings season has brought both misery and success to investors. One of the bigger headlines this quarter has
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